Author Question: In any production process the marginal product of labor equals a. Change in total output divided by ... (Read 86 times)

Kthamas

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In any production process the marginal product of labor equals
 a. Change in total output divided by change in labor input
  b. Total output divided by total input
  c. Total output
  d. None of the above

Question 2

Marginal revenue (MR) is ____ when total revenue is maximized.
 a. greater than one
  b. equal to one
  c. less than zero
  d. equal to zero
  e. equal to minus one



tanna.moeller

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Answer to Question 1

a

Answer to Question 2

d



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